CCT debuts in capital markets

Singaporean Reit completes first capital markets deal.

CapitaCommercial Trust CCT, the Temasek and Capitaland owned Reit, raised S$78.9 million $47.8 million from a 57.2 million unit deal on Friday. The transaction represented the group's first ever capital markets fundraising initiative, since its IPO last spring was completed by way of distribution of dividends to existing shareholders.

The offering also marked a landmark for joint bookrunner HSBC, not previously known as a Singaporean ECM powerhouse. Its co-bookrunner was DBS.

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